President Joe Biden visiting a library in Culver City, California, Feb. 21, 2024. Irfan Khan | Los Angeles Times | Getty Images As Biden administration prepares to forgive the student debt of tens of millions of borrowers — a move experts say could happen as soon as October — it has issued new guidance on
Cryptocurrencies on Tuesday recovered some of the previous day’s losses after bitcoin briefly fell under $50,000 for the first time in six months. The price of the flagship cryptocurrency was last higher by 3.5% at $55,051.74, according to Coin Metrics. Ether, rose more than 2% to $2,457.73. Markets broadly bounced early Tuesday, including stocks tied
It’s been a rough few days on Wall Street. Stocks tumbled to start the week after a disappointing July jobs report on Friday sparked fears of an incoming recession, a concern that worsened over the weekend amid a global market sell-off. Japan stocks are in a confirmed bear market, with the Nikkei plunging 12.4% and
Get out of cash — that’s what many on Wall Street have been saying since expectations of rate cuts started rising earlier this year. They’re now doubling down on that call, with the U.S. Federal Reserve signaling that it would finally cut rates in September. That would make cash rates less attractive than other parts
CFOTO | Future Publishing | Getty Images Despite recent dips, many longtime crypto investors could have significant gains. The price of bitcoin was still up about 49% year to date, while the price of ether has grown about 40%, as of midday on July 30. If you are expecting a lower-income year for 2024, it
Finance Minister Nirmala Sitharaman unveiled the first budget of the Modi 3.0 government on July 23. After the recently concluded budget session, the Finance Ministry has initiated a process to provide home loans for those whose ‘creditworthiness’ cannot be determined. A report by The Indian Express suggests that people other than taxpayers or salaried employees
AFTER A NEW credit assessment model for MSMEs announced in the Budget, the Finance Ministry is now developing a similar product to provide home loans based on the digital footprints of an individual, said Financial Services Secretary Vivek Joshi. The move would be beneficial for individuals applying for home loans whose creditworthiness is not easy
Alphabet on Thursday delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space. Total revenue in the three months ended June 30 rose 13.6% year over year to $84.74 billion, outpacing the $84.19 billion expected, according to estimates compiled by data provider
Finance Minister Nirmala Sitharaman on Tuesday presented her seventh consecutive Union Budget—a record. Having already presented an Interim Budget before the Lok Sabha elections, Sitharaman expanded on it in the full Budget, highlighting the roadmap charted by the Modi government 3.0 for India’s economic development. The Budget identified the following areas as priorities: productivity and
Solar stocks tumbled this week as Donald Trump gains ground in the polls, with the Republican Party rallying around the former president after a shocking assassination attempt on him on July 13. The Democratic Party, meanwhile, is in disarray after President Joe Biden’s weak debate performance against Trump in June. Pressure is growing within the